First Published 19th June 2017

Glen Stone, ColleX

London - Clearstream, the international
central securities depository (ICSD), and ColleX, the collateral
exchange platform, have announced a collaboration that brings
together ColleX's visible pricing and liquidity for secured
lending transactions with Clearstream's simplified collateral
management services.

With the introduction of the Clearstream
Repurchase Conditions (CRC), Clearstream aims to simplify
tri-party repo and its settlement processes. The CRC sets out
tri-party provisions and collateral acceptability in a single
legal document and gives all participants access to a
counterparty pool without the need for multiple bilateral legal
agreements.

"By coupling Clearstream's capability to manage
the operational lifecycle of tri-party repo transactions with the
ColleX trading technology, ColleX is offering price discovery and
best execution to further streamline and simplify a historically
fragmented market which can be difficult to access," said Glen
Stone, Head of ColleX.